What is remortgaging?
A remortgage is when you change from your existing lender to a new lender whereas a product transfer is when you change to a new product with an existing lender. Manchester Mortgages are specialists in the provision of remortgage products.
This may be done for various reasons such as you may be looking to raise additional money for other purposes such as debt consolidation, home improvements, a deposit for property purchase or if your existing lender is unable to assist.
With a remortgage the new lender usually offers a free standard valuation of your house / property and will nominate a solicitor to deal with the legal formalities at no cost to you (unless the names on the mortgage have to be amended).
What remortgaging your home can do for you